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Baker McKenzie advised Deutsche Beteiligungs AG (DBAG) and DBAG Fund VII managed by DBAG on its investment in Kraft & Bauer Holding GmbH (Kraft & Bauer), one of the leading providers of fire protection systems for machine tools. The transaction is subject to antitrust approval and is expected to close in the coming yearly quarter. The parties agreed not to disclose the purchase price.

The DBAG-managed DBAG Fund VII will acquire a majority stake in Kraft & Bauer as part of a management buyout (MBO). Previous shareholders are the Swiss financial investor Invision, the founding family Bauer and the current managing director Frank Foddi. DBAG will invest alongside DBAG Fund VII and will hold an average of around 20 percent of the shares in Kraft & Bauer in future. The transaction is DBAG Fund VII's fifth management buy-out.

Baker McKenzie advised DBAG on all legal aspects of the acquisition. Most recently, Baker McKenzie advised DBAG on its investment in duagon AG.

"Once more, we are delighted to accompany DBAG with a well-rehearsed team in the acquisition of a leading company in a niche market, which is excellently positioned to develop further international markets," comments Dr. Ingo Strauss, Corporate Partner at Baker McKenzie.

Kraft & Bauer develops, produces and installs fire extinguishing systems for around 800 different types of tooling machines. The focus is on fire extinguishing systems based on microprocessors that detect fires and initiate the extinguishing process. The fire protection systems are either installed directly onto the machine by Kraft & Bauer employees or are sold as a kit to the machine manufacturer. Kraft & Bauer employs around 80 people at its headquarters in Holzgerlingen (Baden-Wuerttemberg), a plant in Bannwil (Switzerland) and 13 service locations in Germany, Switzerland and Italy. The company generates approximately 30 percent of its revenues in the service business.

The listed Deutsche Beteiligungs AG initiates closed-end private equity funds and invests alongside the DBAG funds in well-positioned mid-market companies with growth potential. DBAG focuses on those industry sectors where Germany's "Mittelstand" is particularly strong in international comparison.

Baker McKenzie's Corporate / M&A team regularly advises on domestic and international transactions and restructurings. Most recently, Baker McKenzie advised Syngroh Capital on its investment in KMLS, Thor Industries on the acquisition of Erwin Hymer Group,  Körber AG on the sale of the United Grinding Group, Cartonplast on the acquisition of Green Plate, B.C. Jindal Group on takeover of the Treofan Group, Gerresheimer on the acquisition of Sensile Medical, Global Ports Holding Plc on its strategic investment in Dreamlines, Ufenau Capital Partners on the acquisition of the Kruppert Group, the Nison Group on the acquisition of the majority stake of the SieMatic Group, financial investors First State Investments and Hermes Investment Management on the acquisition of the shipping company Scandlines, Mundipharma on the sale of its Limburg production, Rexnord on the acquisition of the CENTA Group and LKQ Corporation on the acquisition of the Stahlgruber Group.


Legal advisor to DBAG: Baker McKenzie

Lead:
Corporate/M&A: Dr. Ingo Strauss (Partner, Düsseldorf), Dr. Heiko Gotsche (Partner, Düsseldorf)

Team:
Corporate/M&A: Cosima König (Associate, Düsseldorf), Philippine Dalla Corte (Associate, Zurich), Dr. Alexander Fischer (Partner, Zurich), Cathrin Marxer (Associate, Zurich)
Employment: Agnes Herwig (Associate, Frankfurt), Dr. Anna Verena Böhm (Counsel, Frankfurt)
Commercial & Trade: Dr. Johannes Teichmann (Partner, Frankfurt), Dr. Ingmar Oltmanns (Associate, Frankfurt)
Real Estate: Dr. Daniel Bork (Senior Associate, Düsseldorf)
Product Liability; Insurance: Dr. Peter Stankewitsch (Partner, Frankfurt)
Antitrust & Trade: Dr. Johannes Weichbrodt (Counsel, Düsseldorf)

Inhouse DBAG: Florian Döring, Leiter Recht
 
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